Federal hemp underreporting is a huge problem for the industry – but there’s still time
Hemp Industry Daily
Federal numbers on nationwide acres in certain crops are always a hot topic in the agri-community.
But this year’s data suggests that many hemp producers have not contributed to the Crop Acreage Report from the Farm Service Agency, an arm of the U.S. Department of Agriculture.
While markets such as wheat, corn and soybeans reacted to initial projections and published data in both the cash and futures markets, the hemp industry currently stands at a juncture of wondering how the landscape can change so dramatically on a yearly basis.